December 7th, 2014
With your wallet being pulled in so many different directions, it is really hard to have money left over to put into savings. From the commercials that air during your favorite TV show, to the flyers stores send you about their upcoming sales, you’re put in a situation where you must resist the temptation to spend almost constantly. Read on to learn some tips that can help you save money.
In these volatile times, spreading your savings around into multiple areas is a good idea. You should have a part of your money in savings accounts, in checking accounts and placed in a diverse portfolio. These are all ideas on how you can safeguard your investments and money.
Be mindful of when you ought to file your income taxes. Instead of waiting until the last minute, file your taxes as soon as possible to get your return even earlier than usual. If you owe the government money it’s better to just file near the date they’re due which is April 15th.
Buying a car or house are usually the biggest purchases most people make. The payments and interest rates on these things is likely going to be a large portion of your budget. You can get these paid off more quickly if you pay a little extra every year. You may want to consider using your tax refund to do this.
Stop charging a credit card that you have issues paying off. Cut your extras spending off, and see if there is some other way to make payments on the card so that it does not get maxed out. Don’t use your card until your monthly balance has been paid off.
Pay yourself first by making a savings deposit from each check your receive, before you spend any of that money. If you simply plan on saving whatever may be left, you will always spend everything. With the money actually being stored away safe and secure, you have a much lower chance of spending the money on something trivial or impulse-driven.
Find a bank that offers free checking. Certain institutions, like online banks or credit unions, provide free accounts.
As you most likely have already experienced, it can sometimes be rather difficult to consistently save money. It’s hard to save money because of things that make you want to spend it. Apply what you’ve learned from the article above, and start saving money that will make a difference in your quality of life.